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Oil & Gas Developers, Refiners See Slower Pace of COVID-19 Project Disruptions


Industry Segment: Power | Word Count: 690 Words
Attachment: COVID052120

SUGAR LAND--May 21, 2020--Researched by Industrial Info Resources (Sugar Land, Texas)--The pace of industrial project delays related to COVID-19 precautions has slowed over the past week, according to Industrial Info's project database, with the smallest seven-day increase in total investment value for projects slowed by the pandemic since early March. Nonetheless, industries that were witnessing rapid growth at the beginning of the year continue to see projects pushed back or scaled down. Industrial Info is tracking more than $970 billion in active projects worldwide that have been delayed or otherwise affected by COVID-19, including about $180 billion worth in the U.S.

Within this article: Details on some of the highest-valued projects to be delayed or revived in the past week, including those involving industry leaders such as Algonquin Power & Utilities Corporation (NYSE:AQN), Orsted US, Eversource Energy (NYSE:ES), Phillips 66 (NYSE:PSX), Arq USA and Peabody Energy Corporation (NYSE:BTU).

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